Long View Equity, an Austin-based investment management company, in partnership with Endeavor Real Estate Group announced the acquisition of an 8.7-acre commercial parcel that fronts Highway 290 W and Ledge Stone Drive in Austin, TX.

The property is in the ETJ of Dripping Springs within the Ledgestone Master Planned Community and is opposite of Belterra Village. The commercial development, called Ledge Stone East, will be a retail and office mixed-used development. It is anticipated there will be about 25,000 square feet of retail and 25,000 square feet of office space upon completion of the project. The project is expected to break gound May 2022 with a Q3 2023 delivery. Currently, the development is 25% pre-leased.

“We are excited to be able to continue growing our portfolio in Central Texas through this development. We have seen firsthand the growth in Dripping Springs and are happy to be a part of it. We expect to make this project something the community can be very proud of,” said Daniel Campbell, managing director of Long View Equity.